Date: July, 2008
Abstract: Drought affected seasons and low returns for wool production relative to alternative enterprises have seen further declines in the Australian and New Zealand sheep flocks in recent years. However, the resulting lower wool supply, which has helped to support recent price spikes in merino wool, has hidden some of the underlying problems facing the wool industry in both countries.
Over the last few years global wool consumption has remained relatively steady as strong economic growth in...
Research Type: Australia/New Zealand Global Focus